The Justice Department announced a $7 billion settlement with Citigroup over “egregious misconduct” related to mortgage securities in the lead-up to the financial crisis. Judy Woodruff gets details from Tony West, associate attorney general at the Department of Justice and…
By PBS NewsHour
Citigroup Plans to Lay Off 11,000 Employees in Financial Crisis Scale Back…
Shareholders publicly rebuffed Citigroup Tuesday at an annual meeting, rejecting a $15 million CEO pay package. Margaret Warner discusses the implications amid a national debate over income equality with Anne Simpson of the California Public Employees' Retirement System and Russell…
A federal judge on Monday rejected a settlement between the Securities and Exchange Commission and Citigroup over mortgage deals dating back to the housing bust and the financial crisis. Ray Suarez discusses the latest developments with Edward Wyatt of The…
In other news Thursday, Newt Gingrich's bid for the GOP 2012 nomination suffered a major blow when his campaign manager, senior staff and key aides in early primary states all resigned, but the candidate pledged to stay in the race.
In other news Friday, U.S. stocks fell after a reading of consumer sentiment fell sharply and investors were disappointed by earnings reported by Bank of America and Citigroup. Also, federal officials announced the largest-ever crackdown on Medicare fraud.
Former Citigroup executives apologized before members of Congress for their company's involvement in the global financial crisis. Jeffrey Brown talks to the chairmen of the Financial Crisis Inquiry Commission about their ongoing inquiry.
By Maureen Hoch
Citigroup announced Monday that it will repay $20 billion in taxpayer money, becoming the last of the major Wall Street banks to exit the government-funded bailout program.
President Obama asked the leaders of top U.S. banks on Monday to assume a larger role in helping the economy to recover. Kwame Holman reports and then Judy Woodruff speaks with presidential senior adviser Valerie Jarrett for more details.
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